The only political casualties of Panama Papers: Iceland’s PM, Spanish minister and Nawaz

The Supreme Court disqualified on Friday prime minister Nawaz Sharif from holding public office over failure to disclose his ‘un-withdrawn receivables, constituting assets’ in his nomination papers filed ahead of the 2013 general elections.

Interestingly, his disqualification was not made on the basis of the corruption charges levelled by the PTI after the emergence of Panama Papers. The 11.5 million documents from the Panamanian law firm, Mossak Fonesca, exposed how the affluent all over the world used shell companies and offshore tax havens to hide their wealth.

The disqualification was made on the basis of documents collected by the Joint Investigation Team, which was probing the Sharif family, through a Mutual Legal Assistance (MLA) request. The documents showed that the former PM had been an employee of a Dubai-based firm, Capital FZE, and as chairman of its board on a salary.